QQQ vs SCCO: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Southern Copper Corporation (SCCO) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SCCO?
Over the past 3 years, QQQ and SCCO moved with a correlation of 0.44, which is moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 352.0 %².
By 3-year correlation, SCCO places #457 of the 4755 assets tracked against QQQ. Correlation aside, the last 12 months split them widely, with SCCO ahead by 108.2 points (+26.3% versus +134.5%). Note the risk asymmetry: SCCO runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
QQQ vs SCCO: side by side
| QQQ (Invesco QQQ Trust) | SCCO (Southern Copper Corporation) | |
|---|---|---|
| 1-year return | +26.3% | +134.5% |
| 5-year return | +95.4% | +339.2% |
| Volatility (ann.) | 19.6% | 40.8% |
| Beta vs S&P 500 | 1.28 | 1.32 |
| Max drawdown (3Y) | -22.8% | -39.7% |
| Market cap | – | $182.6B |
| P/E (trailing) | – | 32.0 |
| Dividend yield | 0.44% | 1.65% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
QQQ, Invesco's Large Growth fund, carries $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | SCCO |
|---|---|---|
| 2022 | -32.6% | +4.2% |
| 2023 | +54.9% | +50.0% |
| 2024 | +25.6% | +9.4% |
| 2025 | +20.8% | +66.5% |
| 2026 | +17.7% | +55.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SCCO good diversifiers for each other?
Reasonably. At 0.44, QQQ and SCCO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and SCCO?
The QQQ/SCCO correlation stands at 0.44 on a 3-year window (1 year: 0.44, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is SCCO a good diversifier for QQQ?
Reasonably. At 0.44, QQQ and SCCO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-scco.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-scco/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · SCCO correlations
